Avestar Capital LLC Cuts Holdings in SAP SE (NYSE:SAP)

Avestar Capital LLC cut its holdings in SAP SE (NYSE:SAP) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,168 shares of the software maker’s stock after selling 173 shares during the quarter. Avestar Capital LLC’s holdings in SAP were worth $534,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Godsey & Gibb Inc. purchased a new stake in shares of SAP during the 3rd quarter worth $25,000. Union Bancaire Privee UBP SA acquired a new stake in shares of SAP in the fourth quarter valued at about $27,000. Albion Financial Group UT boosted its holdings in SAP by 122.4% during the fourth quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after buying an additional 71 shares in the last quarter. Brooklyn Investment Group acquired a new position in SAP during the third quarter worth about $42,000. Finally, Prospera Private Wealth LLC purchased a new position in SAP in the third quarter valued at about $47,000.

SAP Trading Up 0.9 %

SAP stock opened at $293.64 on Friday. The stock has a 50-day moving average price of $260.76 and a 200 day moving average price of $237.35. SAP SE has a 52 week low of $174.88 and a 52 week high of $293.70. The stock has a market cap of $360.73 billion, a PE ratio of 102.31, a P/E/G ratio of 4.63 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Equities research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Barclays raised their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. JMP Securities boosted their price objective on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Finally, TD Cowen upgraded shares of SAP from a “hold” rating to a “buy” rating and raised their target price for the company from $240.00 to $305.00 in a report on Friday, January 17th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $248.83.

SAP Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.